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Mozambique files case against Credit Suisse in London's High Court

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Credit Suisse was one of the lenders that helped arrange $2 billion (R27.74 billion) in government-guaranteed loans that tipped Mozambique into a debt crisis that it is still struggling to recover from.

Mozambique has filed a case in London's High Court against Credit Suisse, according to court records.Credit Suisse was one of the lenders that helped arrange $2 billion in government-guaranteed loans that tipped Mozambique into a debt crisis that it is still struggling to recover from.

The global investment bank declined to comment. Mozambique's Attorney General did not immediately respond to requests for comment.

 

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